FREQUENTLY ASKED QUESTIONS

Does your family take on your debt when you die?

It depends on the kind of debt. If a person has a lot of unsecured debt and dies owing a lot of money, their estate can become bankrupt. This means the debt isn’t passed onto the beneficiaries of the will. However, assets could be sold to repay the debt, which could leave nothing for the beneficiaries.

Does a will cost money?

Yes it does, depending on how detailed your will needs to be. If you are dealing with a large amount of wealth or a blended family, the will becomes more complicated and therefore more expensive. For a basic will, lawyers can charge a set fee.

When is the best time to organise a will?

There is no time like the present!